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yarga [219]
1 year ago
15

A company rents office space for $10,000. The company hasn’t yet recorded payment as an expense in the financial statements beca

use it hasn’t started using the premises.
Business
1 answer:
zepelin [54]1 year ago
6 0
What is the question?
You might be interested in
.
Lesechka [4]

Answer:

This is the sample answer

Explanation:

After a natural disaster, such as a major hurricane, there is increased demand for gasoline, lumber, bottled water, clothing, and other essential goods as people try to replace and rebuild what was lost. At the same time, the supply of these goods likely decreases because of disruptions to factories and transportation. Under normal market conditions, producers would raise their prices at the first sign of trouble, both to offset their own losses from the disaster and to obtain optimal profits.

However, people who have lost everything need to start rebuilding as soon as possible at a price they can afford to pay. The sooner the community is rebuilt and back to normal, the sooner the local economy will return to normal for both consumers and producers. For this reason, I think the government should introduce price ceilings on essential goods during a disaster. Many people would not be able to buy the goods they need without price ceilings. Although producers lose out on maximizing their profits, their actual losses are limited because they are allowed to raise prices to cover production and transportation costs driven up by the disaster.

Because citizens benefit so greatly from them, I think emergency price ceilings are beneficial to the economy as long as producers do not suffer significant losses from them.

6 0
2 years ago
Today, you are purchasing a 15-year, 6.5 percent annuity at a cost of $36,500. The annuity will pay annual payments starting one
Licemer1 [7]

Answer:

Periodic payment = $3,881.88 (Approx).

Explanation:

Given:

Present value of annuity = $36,500

Rate = 6.5% = 0.065

Number of payment = 15

Computation:

Present\ value\ of\ annuity = periodic\ payment[\frac{1-(1+r)^{-n}}{r} ]

36,500 = periodic\ payment[\frac{1-(1+0.065)^{-15}}{0.065} ]\\\\36,500 = periodic\ payment[\frac{1-(1.065)^{-15}}{0.065} ]\\\\36,500 = periodic\ payment[\frac{1-0.388826524}{0.065} ]\\\\36,500 = periodic\ payment[\frac{0.611173476}{0.065} ]\\\\36,500 = periodic\ payment[9.40266886 ]\\\\periodic\ payment = 3,881.87658

Periodic payment = $3,881.88 (Approx).

4 0
1 year ago
High Brow Express deals strictly with two customers. The payment from Customer A averages $537,400 and has a collection delay of
Marizza181 [45]

Answer:

The answer is E.

Explanation:

Total payment from customers is:

$537,400 + $737,500

= $1,274,900

Weighted average delay from customer A is:

($537,400/$1,274,900) x 3

=1.26 days

Weighted average delay from customer B is:

($737,500/$1,274,900) x 1

=0.58 day

Therefore, total weighted average delay is:

1.26 days + 0.58 day

=1.84days

5 0
1 year ago
Ms. lee is enrolled in an ma-pd plan, but will be moving out of the plan's service area next month. she is worried that she will
Arturiano [62]

<span>The best advice to be given to Ms. Lee in regards to the scenario is that she has the eligibility for a SEP in which she could enrolled in before she could even move to the location where she would likely be residing to. With this plan, if she notified about moving earlier or in advance, the period will only last for about two months in addition.</span>

7 0
2 years ago
Read 2 more answers
On February 1st, H&amp;B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment of $
irina [24]

Answer:

d. Over time

Explanation:

The interest revenue will be recognize over time, regardless of the payment

If we only recognize revenue at payment due, if the bank client doesn't paid then we cannot recognize the accrued interest receivable.

We will recognize over time.

6 0
1 year ago
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